Products and Programs

Wells Fargo offers one of the most extensive sets of financing options in the industry, including a variety of special loans and programs to help you meet more homebuyer needs. Our position of leadership and our strategic relationships allow us to provide special benefits to eligible members of qualifying groups. From low-down-payment options to Wells Fargo exclusive programs, such as the Union Plus® Mortgage program, you can be confident that your buyers have options that meet their needs.

Builder Best® Extended Rate Lock program

Give your buyers the ultimate interest rate security

Our Builder Best Extended Rate Lock program protects your buyers against interest rate changes while their home is being built, regardless of market fluctuations. A non-refundable extended rate lock fee is required. As a builder, this provides you the security that a rising rate environment will not negatively impact your pipelines and customers' abilities to finance. Your buyers may be able to:

Lock in interest rates from 5 to 24 months depending on the type of loan you select.

Buyers have options and may be qualified for a one-time float down option to a lower rate or a different loan program.

Builder Lock Options

Our Builder Lock OptionsSM help you advertise rate protection, even in a volatile market.

New construction financing

With one of the most extensive product offerings in the industry, along with construction-friendly programs, we can consistently meet more of your buyers' needs. Our local home mortgage consultants and dedicated support teams stand ready to work with you and your buyers every step of the way.

Our popular Builder Lock OptionsSM allow homebuyers to lock in interest rates on new homes.

Condominium financing

Condominium financing can be a confusing topic for developers, sales professionals, and borrowers alike. We stand committed to helping all navigate the complexities of condominium financing.

Jumbo loan options

We are the nation's #1 jumbo mortgage lender with lending capability in all 50 states. Jumbo loans allow qualified buyers to finance loan amounts above maximum conforming limits, helping them take advantage of today's home prices and low interest rates. Consider our jumbo loans for your homebuyers in higher-priced housing markets, including those who have a goal of purchasing a second home, resort condo, or rental property.

Jumbo loan amounts are typically available with a variety of terms, options, and benefits:

Fixed- and adjustable-rate loans and short-term loans at very competitive interest rates.

Loan amounts up to $2 million; higher amounts may be available through Private Mortgage Banking.

10.01% down payment financing option with no mortgage insurance requirement.

After making a lump-sum principal reduction of $20,000 or more 90 days after closing, buyers may be eligible to reduce their monthly mortgage payments by recasting, or re-amortizing, the loan. Buyers will have a lower monthly mortgage payment, but they may pay more interest over the full mortgage term than they would by making a principal reduction without using the recast option.

Buyers can purchase with cash up-front and may be eligible to apply for a mortgage within 90 days of purchase.

Options for affluent buyers

Competitive financing options for primary, second, vacation, and investment properties with financing up to $6 million.

A dedicated customer service line exclusive to Private Mortgage Banking clients.

Local market experience to help affluent clients find options that complement their wealth-building strategies.

Show your clients that you are dedicated to supporting their specific situations.

Contact your local home mortgage consultant to learn more.

Low down payment options

Wells Fargo Home Mortgage provides a variety of programs that allow for low-and-no-down payments, and other features to help more homebuyers achieve homeownership. Be sure your buyers talk to us to discuss loan amount, loan type, and property to ensure eligibility.

Low 3% down payments

With Wells Fargo's yourFirst Mortgage® program, your first-time or repeat homebuyers can get a conventional fixed-rate mortgage with a 3% down payment. Plus, there are no area median income requirements and they can use gift funds and down payment assistance programs.

Talk with me about loan amount, type of loan, and property type requirements to ensure eligibility.

Keep in mind that with a low down payment mortgage insurance will be required, which increases the cost of the loan and will increase your monthly payment. I'll explain the options available, so you can choose what works for you.

FHA loans

FHA loans are available in a variety of fixed-rate and adjustable-rate options, and have down payment options as low as 3.5%. FHA loans have the benefit of a low down payment, though your homebuyers will want to consider all costs involved, including upfront and long-term mortgage insurance and all fees. Be certain to ask your home mortgage consultant to help your buyers compare the overall costs of all their home financing options.

VA loans

VA loans offer low- and no-down payment options for veterans and other borrowers who meet the eligibility requirements of the VA program.

Fixed-rate and adjustable-rate mortgages

Fixed-rate and adjustable-rate mortgages are two of the most popular loan types. Both options are available for conventional conforming loan amounts, jumbo (non-conforming) loan amounts, and FHA or VA programs.

Fixed-rate mortgage

A fixed-rate mortgage carries the same interest rate and monthly principal and interest payments for the life of the loan, which protects your homebuyers from rising interest rates and allows them to budget their monthly mortgage payments more easily. This loan type may be a good choice for your buyers who plan to stay in their homes for a long time.

Adjustable-rate mortgage

An adjustable-rate mortgage (ARM) has the same interest rate and principal and interest payments a defined initial period, then adjusts annually when that initial period is over. Typically, ARMs have a lower initial interest rate than fixed-rate mortgages. After the initial fixed period, your buyer's rates and payments may increase. This loan type may be a good option for your buyers who plan to move or refinance within a few years.

Union Plus® Mortgage program

Home financing for union families

Active and retired members of participating labor unions, their parents, and their children may be able to take advantage of special benefits through the Union Plus® Mortgage program, with financing provided by Wells Fargo Home Mortgage. According to the Bureau of Labor Statistics, there are millions of active members today.

Show your clients the benefits of the Union Plus® Mortgage program

$500 award for buying a home. When members, their parents, and their children finance their home with Wells Fargo Home Mortgage, they are eligible for a special My Mortgage GiftSM award after closing — for use at participating retailers.

Mortgage payment assistance. Union Plus provides grants and interest-free mortgage assistance loans to eligible borrowers in the event of an unexpected loss of income — and the first $1,000 doesn't need to be repaid.

Wells Fargo Home Mortgage is proud to be the only home financing lender for the Union Plus Mortgage program.

Military and Veteran Home Lending

We appreciate the commitment of our nation's military personnel and their families. We're committed to providing financing options that meet the unique needs of the military and veteran community.

Buyer eligibility includes:

Active duty personnel, reservists, veterans, members of the National Guard, or Department of Defense civilian employees

VA eligibility

PCS related moves

As one of the nation's leading VA lenders it is an honor to serve those who serve. Talk to your local home mortgage consultant for eligibility details.

The Relocation Mortgage Program®

When a career move means moving to a new home, The Relocation Mortgage Program® provides convenient relocation benefits. As the premier provider of national relocation mortgage services with more than 30 years of relocation experience, we have the home financing options, tools, and resources transferees need to help them relocate quickly and efficiently.

Your buyers may be eligible if they are:

Looking for a primary residence

Relocating at their employer's request

Moving at least 35 miles away from their current home

Corporate Mortgage Benefit Program

Provide extra benefits to millions of homebuyers

Millions of employees across many of America's largest corporations are eligible for benefits when they buy or refinance with Wells Fargo, including a special My Mortgage GiftSM award after closing — $500 for buying a home, or $300 for refinancing. Ask your local home mortgage consultant for details about participating employers.

Union Plus® is a registered trademark of Union Privilege.

Change of loan product or program, change in the loan-to-value ratio, or change of interest rate will require underwriting approval. Exercising the one-time float-down option is not allowed within 30 days of the original lock. The float-down option is available within the earlier of 60 days of loan closing or lock expiration date. The float-down option allows a change to any lender product or program or re-lock to the current available interest rate.

Non-conforming loans with 10.01% down payment and no mortgage insurance when purchasing a primary residence with a maximum loan amount of $750,000 (up to $1.25 million in some areas). Other restrictions apply, please contact me for details.

Certain timing and other requirements must be met which will be explained to the buyer at the time he/she requests a recast. Please contact me for details.

For nonconforming loans, application must be submitted within 90-days of purchase. For conforming loans application must be submitted within 6 months of purchase. Other restrictions apply. Consult with a home mortgage consultant for details.

Eligible individuals can receive the Wells Fargo My Mortgage GiftSM award approximately 6 weeks after closing on a new purchase or refinance loan secured by an eligible first mortgage or deed of trust with Wells Fargo Home Mortgage ("New Loan"), subject to qualification, approval and closing, when identifying themselves as eligible. The My Mortgage GiftSM award is not available with The Relocation Mortgage Program® or to any Wells Fargo team member. Only one My Mortgage Gift award is permitted per eligible New Loan. This award cannot be combined with any other award, discount or rebate, except for yourFirst Mortgage®. This award is void where prohibited, transferable, and subject to change or cancellation with no prior notice. Awards may constitute taxable income. Federal, state and local taxes, and any use of the award not otherwise specified in the Terms and Conditions are the sole responsibility of the My Mortgage GiftSM recipient. Union Plus Mortgage Program Terms and ConditionsCorporate Mortgage Benefit Program Terms and Conditions

The Union Plus® Mortgage Assistance Program is provided and administered through the AFL-CIO Mutual Benefit Plan ("The Plan"), which is not affiliated with Wells Fargo Bank, N.A. Additional information about this program and eligibility criteria can be obtained at www.unionplus.org/assistance.